Gustavo de Hoyos Walter, president of Coparmex, stated that the refusal to sign the Agreement for Economic Strengthening came from a “bad start” with the government´s approach

Gustavo de Hoyos Walter, president of the Employer’s Confederation of Mexico (Coparmex), stated that the refusal to sign the Agreement for Economic Strengthening came from a “bad start” with the government´s approach. “The initial proposal blamed businessmen for the mistakes of the government which polarized workers. The idea was unacceptable to all parties and was lost in final draft, but a lot of valuable negotiation time was wasted on this.”

De Hoyos suggested a series of proposals to compose a more inclusive approach for governors and unions. Such proposals include the elimination of social aid programs that receive government aid despite irregularities and the reduction of the fixed fee to the Special Tax of Products and Services (IEPS). He highlighted the importance of dialogue to improve the Agreement denied falling out with the Business Coordination Council (CCE).

The head of Coparmex expressed his concern with the excess debt the country has incurred. He also noted that the following political reform should provide for austerity measures.